Lean Hogs Market Commentary

Lean hog futures were 25 cents to $1.10 in the red on Wednesday. October needs to stick close to the cash index due to expiration. The CME Lean Hog Index was down 3 cents on October 8 to $69.33. The USDA pork carcass cutout value was 14 cents higher on Wednesday afternoon at $79.20. The loin and butt were the only primal cuts lower. The national base hog carcass value was 71 cents lower on Wednesday afternoon at $62.58. FI hog slaughter was estimated at 1.381 million head WTD through Wednesday. That is down 22,000 head from last week and 4,000 head below the same week last year.

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